Module Three Introduction

 

The Econ City Mall is our next stop. Here we will examine ways in which people attempt to satisfy their wants and needs. What better place to do this but a mall? Shopping, food, and personal services all under one roof. Well, we won't actually be shopping or eating but you should learn more about how prices are determined based on consumer demands and producer's supply.

To advance to the first assignment of the module, use the "next" button at the bottom of the page. Be sure to also check the pace chart to see what you need to accomplish this week.


 

Upon completion of the tutorials and activities in THE SHOPPING MALL, you should be able to:
  • Describe how supply and demand determine the prices of goods and services.
  • Create a demand curve when given a demand schedule.
  • Create a supply curve when given a supply schedule.
  • Define market equilibrium and determine how market equilibrium is determined.

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